WEBVTT 00:00:00.200 --> 00:00:03.000 Well, welcome everybody to the first episode 00:00:03.000 --> 00:00:05.820 of Blockchain Bay. I'm here with a fellow YouTuber, 00:00:06.099 --> 00:00:08.900 Joe P., who is the owner of Network Bits. Joe, 00:00:09.000 --> 00:00:11.480 tell me a little bit about yourself. What's your 00:00:11.480 --> 00:00:16.100 background in crypto and just the whole industry 00:00:16.100 --> 00:00:25.000 altogether? Yeah, so to start off here, I guess 00:00:25.000 --> 00:00:27.379 I'll start off my background, very technical. 00:00:28.059 --> 00:00:30.019 Been a network engineer for about 10 years now. 00:00:30.199 --> 00:00:35.079 Usually work with Cisco devices, routers, switches, 00:00:35.340 --> 00:00:40.880 firewalls, servers. And companies I've worked 00:00:40.880 --> 00:00:43.840 for in the past, they've talked, you know, me 00:00:43.840 --> 00:00:47.100 and my friends there talked about crypto. 2017 00:00:47.100 --> 00:00:52.500 was pretty hot. And I invested then, probably 00:00:52.500 --> 00:00:58.109 lost about $250. I remember those days. Yeah. 00:00:58.109 --> 00:01:02.990 And it was kind of like, you know, I'm sure there's 00:01:02.990 --> 00:01:07.109 something here, but not now. And it lost interest 00:01:07.109 --> 00:01:10.230 for a little bit. And another company that I 00:01:10.230 --> 00:01:13.129 consulted at, there was a real smart consultant 00:01:13.129 --> 00:01:16.150 there. He's a CCIE instructor, which those are 00:01:16.150 --> 00:01:19.510 the brainiacs of the industry. And he just kept 00:01:19.510 --> 00:01:23.530 going on and on about blockchain. And he said, 00:01:23.609 --> 00:01:27.140 well, there's certainly something here. Big financial 00:01:27.140 --> 00:01:32.359 companies are doing their due diligence in blockchain 00:01:32.359 --> 00:01:36.280 and cryptocurrency, trying to figure out if that 00:01:36.280 --> 00:01:41.959 application would help their business from whatever 00:01:41.959 --> 00:01:45.019 angle. So it started to spark my interest again. 00:01:45.299 --> 00:01:49.319 And right around the time Wall Street Bets was 00:01:49.319 --> 00:01:53.640 happening, I totally missed out on that show. 00:01:54.599 --> 00:01:56.799 But I was like, Probably going to see something 00:01:56.799 --> 00:02:00.200 from crypto here pretty soon. And I started buying 00:02:00.200 --> 00:02:05.120 again. And sure enough, the market took off and 00:02:05.120 --> 00:02:07.659 I was looking for things to mine. Like I was 00:02:07.659 --> 00:02:11.180 really considering GP or ASIC mining and I stumbled 00:02:11.180 --> 00:02:14.319 across Helium. I just said, this makes all the 00:02:14.319 --> 00:02:17.520 sense in the world. When I decided to open up 00:02:17.520 --> 00:02:20.439 a YouTube channel, I got a couple of Helium hotspots 00:02:20.439 --> 00:02:24.319 of my own and I was making content to help people 00:02:24.319 --> 00:02:27.780 out, get set up. understand the system. I've 00:02:27.780 --> 00:02:29.979 talked about some other crypto projects as well. 00:02:30.280 --> 00:02:33.960 They're all on the low -powered side. I do intend 00:02:33.960 --> 00:02:36.620 on getting into GPU mining. I just don't really 00:02:36.620 --> 00:02:40.659 have the place for it right now. It's painful 00:02:40.659 --> 00:02:44.919 right now. The energy cost is insane, especially 00:02:44.919 --> 00:02:49.280 with the low profitability. Yeah, been about 00:02:49.280 --> 00:02:52.419 a year going strong on the YouTube channel. Of 00:02:52.419 --> 00:02:56.379 course, it's had its ups and downs. Here we are. 00:02:56.460 --> 00:02:59.680 I think I've known you all this entirety of this 00:02:59.680 --> 00:03:03.780 year. Yeah, I think so. Wow, it's been a while. 00:03:04.000 --> 00:03:06.120 Yeah, the last time we made a video together 00:03:06.120 --> 00:03:10.419 was the Christmas thing, the helium giveaway. 00:03:11.139 --> 00:03:14.879 Yes. Which was, it's going to be a year and three 00:03:14.879 --> 00:03:20.620 months, which is crazy. Time flies. With the 00:03:20.620 --> 00:03:24.319 helium. I know we've experienced a lot of ups 00:03:24.319 --> 00:03:28.599 and downs with them. What do you think? I don't 00:03:28.599 --> 00:03:30.979 know. Do you have any advice for anyone mining 00:03:30.979 --> 00:03:34.120 helium? Or what are your thoughts on the whole 00:03:34.120 --> 00:03:36.740 project? I know you mentioned that on your channel, 00:03:36.759 --> 00:03:38.319 for anyone that's not watching this, you were 00:03:38.319 --> 00:03:42.310 kind. going to stray away from and focus on more 00:03:42.310 --> 00:03:45.409 broader cryptocurrency projects and other projects 00:03:45.409 --> 00:03:48.090 and i feel the same way i'm kind of burnt out 00:03:48.090 --> 00:03:50.750 on helium just because there's not much for me 00:03:50.750 --> 00:03:53.169 to talk about uh what do you what do you think 00:03:53.169 --> 00:03:58.370 yeah so i'm still keeping my hot spots online 00:03:58.370 --> 00:04:01.909 i'm not really investing any money into any of 00:04:01.909 --> 00:04:05.250 the rigs i have i'm not going to get into 5g 00:04:05.250 --> 00:04:11.250 i don't think all hope is lost But there's a 00:04:11.250 --> 00:04:13.849 lot of problems right now. It looks like we're 00:04:13.849 --> 00:04:16.610 kind of at an inflection point where there is 00:04:16.610 --> 00:04:22.509 certainly, you know, the system can be rectified. 00:04:22.589 --> 00:04:26.230 It can go on to be a successful project. And 00:04:26.230 --> 00:04:28.350 I think that's what they're doing with HIP 70. 00:04:28.970 --> 00:04:32.269 Yeah. But every time there's a major change, 00:04:32.449 --> 00:04:35.689 there's a lot of FUD around it. And, you know, 00:04:35.730 --> 00:04:40.569 I hope it works out. But having a channel so 00:04:40.569 --> 00:04:45.189 focused on Helium, I've gotten a lot of exposure 00:04:45.189 --> 00:04:49.889 to people's issues and how they perceive the 00:04:49.889 --> 00:04:53.470 network. I've gotten to see some of the inner 00:04:53.470 --> 00:04:57.449 workings as well. Yeah, it hasn't been all cons 00:04:57.449 --> 00:05:00.470 for me either. I still have my miners up and 00:05:00.470 --> 00:05:02.350 running, but I mean, we met through Helium and 00:05:02.350 --> 00:05:04.689 pretty much everyone that I've met in the crypto 00:05:04.689 --> 00:05:09.889 space has been through Helium. Yeah. So at first 00:05:09.889 --> 00:05:12.930 it was a lot of fun. I had a blast doing this. 00:05:13.589 --> 00:05:17.149 Now it's, you know, there's a lot of things going 00:05:17.149 --> 00:05:20.170 on that have made it not so enjoyable for me. 00:05:20.329 --> 00:05:24.149 That's why I'm moving away from it within the 00:05:24.149 --> 00:05:25.930 coming days. I still have a few videos I have 00:05:25.930 --> 00:05:30.490 to finish out, but I'm not really, I don't want 00:05:30.490 --> 00:05:33.810 to talk about it anymore. It just doesn't leave 00:05:33.810 --> 00:05:36.529 me in a good mood. Yeah. I feel the same way. 00:05:37.000 --> 00:05:41.100 There's a lot of the way that people treat you 00:05:41.100 --> 00:05:44.100 in the Helium servers and on forums, too. It's 00:05:44.100 --> 00:05:48.040 kind of unprofessional. I mean, we're by all 00:05:48.040 --> 00:05:51.680 means not extremely professional, but we have 00:05:51.680 --> 00:05:56.459 some sort of code that we go by. You can't tell 00:05:56.459 --> 00:05:57.660 when they're joking or not, and that's just a 00:05:57.660 --> 00:05:59.019 problem with the Internet. You're having a hard 00:05:59.019 --> 00:06:01.199 time telling if people are being serious when 00:06:01.199 --> 00:06:02.860 they respond and stuff. A lot of people are just 00:06:02.860 --> 00:06:04.639 trying to get people to laugh in the server. 00:06:06.120 --> 00:06:09.040 Well, I think you've probably experienced the 00:06:09.040 --> 00:06:11.779 same thing, but being a YouTuber, excuse me, 00:06:11.800 --> 00:06:13.660 you get crapped down all the time. Yeah. They 00:06:13.660 --> 00:06:17.259 think you're another ignoramus making videos 00:06:17.259 --> 00:06:20.300 spreading FUD. And I've been very supportive 00:06:20.300 --> 00:06:25.660 of Helium. I've given very detailed information. 00:06:27.100 --> 00:06:29.199 There's a few things I've gotten wrong along 00:06:29.199 --> 00:06:32.500 the way, but everyone has. Yeah. But some of 00:06:32.500 --> 00:06:35.759 the things that were said from... People who 00:06:35.759 --> 00:06:38.139 are, I don't know what you want to say, bigger 00:06:38.139 --> 00:06:41.980 names within that group. Just like, I don't get 00:06:41.980 --> 00:06:45.139 it. I don't get what I did to rub some of them 00:06:45.139 --> 00:06:48.620 wrong. And since that, I've just been like, whatever, 00:06:48.779 --> 00:06:51.620 you know. I go in there and shitpost and joke 00:06:51.620 --> 00:06:54.899 around. I was, you know, I don't really care 00:06:54.899 --> 00:06:57.819 to talk about the whole situation there. I was 00:06:57.819 --> 00:07:01.279 expecting to be banned sooner or later. And it 00:07:01.279 --> 00:07:05.850 happened. Fine. That's the way of the road. Well, 00:07:05.990 --> 00:07:08.290 if you want to move on from Helium, we can talk 00:07:08.290 --> 00:07:11.129 about some other projects that have let us down 00:07:11.129 --> 00:07:16.230 over the year. Obviously, with COVID, and people 00:07:16.230 --> 00:07:19.550 are still using that as a supply chain. They're 00:07:19.550 --> 00:07:20.910 still saying that it's having effects on the 00:07:20.910 --> 00:07:23.470 supply chain. I can see that. But there's a lot 00:07:23.470 --> 00:07:26.629 of projects that have failed to deliver, like 00:07:26.629 --> 00:07:29.449 RevoFi, which we both touched on on our channels. 00:07:30.170 --> 00:07:32.410 Um, and then there's also deeper, which I don't 00:07:32.410 --> 00:07:33.990 think I made a video. Did you make a video on 00:07:33.990 --> 00:07:38.410 deeper? I can talk about rebel five first if 00:07:38.410 --> 00:07:43.449 you want. Yeah. Um, just looking at that immediately, 00:07:43.610 --> 00:07:46.029 there are people in the helium community who 00:07:46.029 --> 00:07:51.089 are saying this is, this is BS. And they started 00:07:51.089 --> 00:07:54.470 off rebel five basically by saying, we're also 00:07:54.470 --> 00:07:57.129 going to do healing mining and it'll be dual 00:07:57.129 --> 00:07:59.959 mining. We'll have our own network as well. And 00:07:59.959 --> 00:08:03.600 they had all these great ideas and big promises 00:08:03.600 --> 00:08:07.759 that really didn't match up. It didn't make sense 00:08:07.759 --> 00:08:13.319 to begin with. I don't believe in this Wi -Fi 00:08:13.319 --> 00:08:16.600 mesh network. Unless you have a whole country 00:08:16.600 --> 00:08:20.160 on board to do it like India does for their open 00:08:20.160 --> 00:08:25.540 Wi -Fi DABA stuff, it doesn't really work. Just 00:08:25.540 --> 00:08:29.589 because of the technical shortcomings. I guess 00:08:29.589 --> 00:08:35.730 you would say, obstacles. Either way. And here 00:08:35.730 --> 00:08:37.929 we are. River Pie had all these big promises 00:08:37.929 --> 00:08:42.370 that they failed to deliver on. They got denied 00:08:42.370 --> 00:08:46.769 the HIP -19. And it just seemed there was something 00:08:46.769 --> 00:08:50.230 off there. How many months has it been? I think 00:08:50.230 --> 00:08:53.350 it's been nine months since they announced they 00:08:53.350 --> 00:08:56.460 were going to ship. And they're still... to my 00:08:56.460 --> 00:09:00.240 knowledge have been no devices in the uh hands 00:09:00.240 --> 00:09:02.919 of any customers what they ended up doing allegedly 00:09:02.919 --> 00:09:06.879 is shipping them to some of the people that invested 00:09:06.879 --> 00:09:09.500 a big amount of money and we don't know if they 00:09:09.500 --> 00:09:13.220 actually did or anything like that and uh i mean 00:09:13.220 --> 00:09:15.440 they've been cycling through employees over there 00:09:15.440 --> 00:09:17.659 they closed down their discord server so the 00:09:17.659 --> 00:09:19.080 only thing you can see on the server is just 00:09:19.080 --> 00:09:21.940 announcements which to me is a big red flag on 00:09:21.940 --> 00:09:25.360 top of everything else and they even made um 00:09:25.850 --> 00:09:29.990 a community Revlify server to try and just keep 00:09:29.990 --> 00:09:32.370 talking about Revlify because it just got, I 00:09:32.370 --> 00:09:34.549 guess, out of hand. But to be fair, they were 00:09:34.549 --> 00:09:37.549 giving no announcements. There was just a lot 00:09:37.549 --> 00:09:42.850 going wrong with that company. Yes, and even 00:09:42.850 --> 00:09:44.730 if they are trying to deliver on their promises, 00:09:44.750 --> 00:09:47.250 this is something that we found out over the 00:09:47.250 --> 00:09:51.549 past two years. You need to have some sort of 00:09:51.549 --> 00:09:56.029 experience in production and manufacturing. If 00:09:56.029 --> 00:09:59.330 you're going to mass deliver products, there's 00:09:59.330 --> 00:10:01.809 so many people in this space who have these great 00:10:01.809 --> 00:10:07.009 ideas and maybe very talented, but they don't 00:10:07.009 --> 00:10:09.889 know how to run a business. They don't know how 00:10:09.889 --> 00:10:16.309 to mass manufacture. And like we've seen, they 00:10:16.309 --> 00:10:19.509 fail to meet these promises, then get labeled 00:10:19.509 --> 00:10:23.029 a scam, sometimes unfairly, usually if they're 00:10:23.029 --> 00:10:26.179 trying to deliver on their promises. And especially 00:10:26.179 --> 00:10:30.179 with COVID and how it affected the supply chains 00:10:30.179 --> 00:10:35.039 and the chip shortage, it exacerbated the problem. 00:10:36.700 --> 00:10:42.080 Either way, me and you both agree that RebelPi 00:10:42.080 --> 00:10:45.019 was a scam. And when people started coming forward, 00:10:45.159 --> 00:10:48.980 specifically the developers, yeah, the writing 00:10:48.980 --> 00:10:51.860 was on the wall there. I'm not going to out anybody, 00:10:52.100 --> 00:10:54.179 but I did have some moderators as well reach 00:10:54.179 --> 00:10:57.940 out to me. And actually, just recently in the 00:10:57.940 --> 00:11:00.820 Crypto Lab server, somebody posted some stuff 00:11:00.820 --> 00:11:03.200 about Revify, like some of the moderator logs. 00:11:03.360 --> 00:11:07.539 I got to read it a little bit. It wasn't as interesting 00:11:07.539 --> 00:11:09.340 as I thought it would. I got a question for you, 00:11:09.360 --> 00:11:14.019 though. Do you think if Revify outsourced their 00:11:14.019 --> 00:11:17.080 manufacturing like Helium did and bring on all 00:11:17.080 --> 00:11:18.860 of these other customers, do you think they would 00:11:18.860 --> 00:11:21.519 have had a different opportunity or a better 00:11:21.519 --> 00:11:24.539 chance? We saw with Helium they had some fails 00:11:24.539 --> 00:11:27.840 too, like with Syncrobit and Nebra, and they 00:11:27.840 --> 00:11:30.779 didn't deliver a lot of their devices, or if 00:11:30.779 --> 00:11:33.500 they did, it was just very poor quality. I don't 00:11:33.500 --> 00:11:36.080 think so. I mean, there's so many things wrong 00:11:36.080 --> 00:11:38.440 with what they were doing. They were trying to 00:11:38.440 --> 00:11:46.659 do numerous, whatever you want to call it, concepts 00:11:46.659 --> 00:11:50.179 in computing and bridge that together. I think 00:11:50.179 --> 00:11:53.279 the overall main one, this open Wi -Fi thing, 00:11:53.379 --> 00:11:57.139 I don't believe in it. Companies have tried that 00:11:57.139 --> 00:12:01.279 in the past, large companies, and it's not been 00:12:01.279 --> 00:12:04.080 profitable in the vast, vast majority of cases. 00:12:05.100 --> 00:12:08.139 It works different with helium because it's a 00:12:08.139 --> 00:12:11.759 different technology. It's not Wi -Fi. We've 00:12:11.759 --> 00:12:16.059 talked about that before, but I think Justin 00:12:16.059 --> 00:12:19.649 just... Comes up with like all these ideas. And 00:12:19.649 --> 00:12:23.230 when you look at actual technical implementation, 00:12:23.750 --> 00:12:29.929 it's a pipe dream. Yeah, I would like to hope 00:12:29.929 --> 00:12:33.870 that someday something like that, minus the Wi 00:12:33.870 --> 00:12:35.870 -Fi, there was a lot of stuff that could have 00:12:35.870 --> 00:12:41.409 been interesting to see. So maybe someone will 00:12:41.409 --> 00:12:45.340 take that idea and move forward with it. Speaking 00:12:45.340 --> 00:12:49.200 of new ideas, do you want to talk about PiFi 00:12:49.200 --> 00:12:53.259 a little bit? It's a new project that has come 00:12:53.259 --> 00:12:55.039 onto our radar. We actually know the people that 00:12:55.039 --> 00:12:58.220 founded it, and we're really... I think, Joe, 00:12:58.320 --> 00:13:00.240 you already made a video talking about it. I've 00:13:00.240 --> 00:13:02.340 yet to make a video talking about it, but I do 00:13:02.340 --> 00:13:04.860 want to talk about it. It's basically... Um, 00:13:05.059 --> 00:13:07.100 you're, you're using a Raspberry Pi, so it's 00:13:07.100 --> 00:13:10.700 relatively low cost of entry and a sensor and 00:13:10.700 --> 00:13:14.100 you can, um, mine essentially. So if you guys 00:13:14.100 --> 00:13:17.200 have followed planet watch, uh, they had their 00:13:17.200 --> 00:13:20.980 aware elements device and actually they decided 00:13:20.980 --> 00:13:23.740 to part ways aware and planet watch. So the aware 00:13:23.740 --> 00:13:27.450 element is, was useless for a. good period of 00:13:27.450 --> 00:13:31.269 time for most people and pyfi is actually allowing 00:13:31.269 --> 00:13:33.330 that sensor to work on their network so do you 00:13:33.330 --> 00:13:35.090 have anything you want to talk about with uh 00:13:35.090 --> 00:13:38.509 pyfi well it's a project that's in its infancy 00:13:38.509 --> 00:13:42.669 right now i like the idea behind it because they 00:13:42.669 --> 00:13:47.250 are going to continuously come up with sensors 00:13:47.250 --> 00:13:49.210 that you can integrate off -the -shelf sensors 00:13:49.210 --> 00:13:54.909 that are compatible with raspberry pis and you 00:13:54.909 --> 00:13:58.750 get a reading from whatever data it is that you 00:13:58.750 --> 00:14:02.570 want to take, mostly environmental data. And 00:14:02.570 --> 00:14:05.389 based on what you're collecting and you choose 00:14:05.389 --> 00:14:10.409 to share, you're rewarded on that, which really, 00:14:10.470 --> 00:14:13.870 when you have a project that you can customize 00:14:13.870 --> 00:14:16.450 your setup, it brings a lot of engagement through 00:14:16.450 --> 00:14:18.509 the community, a lot of people who are interested 00:14:18.509 --> 00:14:21.909 in boosting their earnings and seeing how they 00:14:21.909 --> 00:14:24.669 can contribute. I like that it's do -it -yourself. 00:14:26.589 --> 00:14:30.710 And put people at ease. You know, there's a lot 00:14:30.710 --> 00:14:32.909 of people who like to buy the devices off the 00:14:32.909 --> 00:14:36.049 shelf because they don't want to deal with the 00:14:36.049 --> 00:14:39.029 hassle of putting it together. But then again, 00:14:39.230 --> 00:14:42.389 when it's do -it -yourself, kind of hard to say, 00:14:42.389 --> 00:14:45.590 you know, it's a scam, like a hardware selling 00:14:45.590 --> 00:14:47.870 project that's going to be a rug pull. Yeah. 00:14:49.740 --> 00:14:52.159 Helium actually does have, they still have their 00:14:52.159 --> 00:14:54.879 Helium console where you can have sensors connected. 00:14:55.019 --> 00:14:59.179 I myself have a Dragino LHT65, which is a temperature 00:14:59.179 --> 00:15:01.759 and humidity sensor. It basically just, you know, 00:15:01.759 --> 00:15:03.679 collects the temperature and humidity and it 00:15:03.679 --> 00:15:05.659 has a sensor on the device and then it has an 00:15:05.659 --> 00:15:09.600 external adapter that I actually have stuck out 00:15:09.600 --> 00:15:11.200 my window so I can get the temperature of inside 00:15:11.200 --> 00:15:13.940 and outside. And that whole idea, when I heard 00:15:13.940 --> 00:15:15.299 about that, I thought was really interesting 00:15:15.299 --> 00:15:19.429 because they also had door sensors. And soil 00:15:19.429 --> 00:15:23.690 moisture level, water clarity. They had a whole 00:15:23.690 --> 00:15:25.950 bunch of sensors. And the idea was that this 00:15:25.950 --> 00:15:28.110 data would be shared on the LoRaWAN network. 00:15:28.370 --> 00:15:30.909 But it doesn't seem like that is going to be 00:15:30.909 --> 00:15:33.110 something that they move forward with. It kind 00:15:33.110 --> 00:15:36.649 of seems like an oversight or something that 00:15:36.649 --> 00:15:38.850 just kind of left on the back burner. And they're 00:15:38.850 --> 00:15:41.429 pushing forward. Yeah, for like personal use 00:15:41.429 --> 00:15:45.269 type of dealings. Where with PiFi. It's an aggregation 00:15:45.269 --> 00:15:48.250 of all the data that's being shared, where it's 00:15:48.250 --> 00:15:51.529 basically like if you ever use the app Waze, 00:15:51.629 --> 00:15:55.830 the way it would describe to me is you see what's 00:15:55.830 --> 00:15:59.210 going on in that specific area, and it gives 00:15:59.210 --> 00:16:02.309 you insight to correlated data. You're going 00:16:02.309 --> 00:16:04.909 to have more of a complete data set as opposed 00:16:04.909 --> 00:16:07.389 to some of the other projects that are based 00:16:07.389 --> 00:16:12.070 on data, and I'm really skeptical of most of 00:16:12.070 --> 00:16:15.590 them. I hope PiFi works out. I think they have 00:16:15.590 --> 00:16:17.049 a lot of good ideas. They're in a really good 00:16:17.049 --> 00:16:20.230 place starting out. And, of course, they're friends 00:16:20.230 --> 00:16:22.549 of ours. We've been speaking to them over the 00:16:22.549 --> 00:16:25.990 past year in the crypto lab. So there is some 00:16:25.990 --> 00:16:30.649 level of trust there where we know. Yeah, we've 00:16:30.649 --> 00:16:35.309 heard. We know, but we're pretty confident it 00:16:35.309 --> 00:16:37.509 won't be a rug pull. Exactly. And we've heard 00:16:37.509 --> 00:16:41.950 the, I guess. co -owners or co -founders talk 00:16:41.950 --> 00:16:43.990 about the struggles that they've had so it's 00:16:43.990 --> 00:16:46.690 not like uh you know they they've been through 00:16:46.690 --> 00:16:48.649 it and we we've talked to them a couple times 00:16:48.649 --> 00:16:53.750 about um just ideas that we had and it's working 00:16:53.750 --> 00:16:55.590 uh pretty well right now they're in beta phase 00:16:55.590 --> 00:16:59.269 right now so i believe you can start mining i 00:16:59.269 --> 00:17:05.450 think is that correct joe so yes but it's on 00:17:05.450 --> 00:17:10.190 the test net and those earnings won't be transferred 00:17:10.190 --> 00:17:13.529 over to mainnet so the benefit of getting in 00:17:13.529 --> 00:17:17.049 now is that you're getting a license at a reduced 00:17:17.049 --> 00:17:22.009 rate as with the next beta groups the price will 00:17:22.009 --> 00:17:24.430 slightly increase every time then when it goes 00:17:24.430 --> 00:17:27.410 to mainnet it's going to be full price for licensing 00:17:27.410 --> 00:17:30.529 i don't think it's going to be something egregious 00:17:30.529 --> 00:17:34.069 you get the licensing and software together And 00:17:34.069 --> 00:17:36.529 then, yeah, you can add on the custom components. 00:17:36.690 --> 00:17:40.150 They're also working on integrations for all 00:17:40.150 --> 00:17:43.250 the shelf products, like sensors that you buy 00:17:43.250 --> 00:17:47.910 for home use or for commercial use. If you're 00:17:47.910 --> 00:17:54.089 able to share that data back to the Pi -Fi, you 00:17:54.089 --> 00:18:01.369 can submit that to their database if that device 00:18:01.369 --> 00:18:05.549 is supported. That's very interesting. I'm looking 00:18:05.549 --> 00:18:08.309 forward to getting that aware element I just 00:18:08.309 --> 00:18:11.569 ordered, as well as the sensor that they talked 00:18:11.569 --> 00:18:16.430 about. I think it was a GPS sensor. So that'll 00:18:16.430 --> 00:18:18.150 be interesting, and I'm looking forward to make 00:18:18.150 --> 00:18:22.769 a video about that. GPS is required for a location. 00:18:23.269 --> 00:18:26.849 Yeah. But either way, we did mention Deeper earlier 00:18:26.849 --> 00:18:29.009 on. Were you involved in that at all? That was 00:18:29.009 --> 00:18:32.589 the VPN service, right? Yes. I was going to buy. 00:18:33.109 --> 00:18:36.230 one of them they sold a device didn't they well 00:18:36.230 --> 00:18:40.930 it was uh it had a usbc port as all that i remember 00:18:40.930 --> 00:18:45.650 and um i was actually going to buy one and like 00:18:45.650 --> 00:18:48.130 right around that time is kind of when it all 00:18:48.130 --> 00:18:51.349 hit the fan so i didn't make a video on it it 00:18:51.349 --> 00:18:53.210 was definitely on my list to make i think i was 00:18:53.210 --> 00:18:54.690 actually planning on making a video the week 00:18:54.690 --> 00:18:57.130 that everything kind of i don't i don't even 00:18:57.130 --> 00:18:59.190 remember what happened there's been so much happening 00:18:59.190 --> 00:19:02.819 let's talk about it a little bit um There were 00:19:02.819 --> 00:19:05.299 a lot of red flags for me going into that project. 00:19:05.460 --> 00:19:10.539 I did buy one. It was a neat device, but they 00:19:10.539 --> 00:19:13.559 had three different types of devices that you 00:19:13.559 --> 00:19:16.059 could purchase, and basically it's a hardware 00:19:16.059 --> 00:19:22.539 VPN. So you could do mining through sharing basically 00:19:22.539 --> 00:19:25.299 your Internet connection, sharing your IP, and 00:19:25.299 --> 00:19:29.440 that would allow other people to VPN. to your 00:19:29.440 --> 00:19:31.799 house, basically, or to wherever you put it up, 00:19:31.839 --> 00:19:34.660 set it up, and they would use that IP address. 00:19:35.480 --> 00:19:38.779 So there's some uses to it, but one of the biggest 00:19:38.779 --> 00:19:42.339 drawbacks is that you have to always VPN to a 00:19:42.339 --> 00:19:45.539 different country, which screws with your geolocation. 00:19:45.559 --> 00:19:48.140 When you go surf the web, everything shows up 00:19:48.140 --> 00:19:50.440 in a different language, and you have to manually 00:19:50.440 --> 00:19:56.740 change that. You also needed a stake. or have 00:19:56.740 --> 00:19:59.900 a credit score if you wanted to mine. Now people 00:19:59.900 --> 00:20:04.000 staked so much of that token, and of course it 00:20:04.000 --> 00:20:08.400 went down severely. I think staking is ridiculous 00:20:08.400 --> 00:20:11.380 if it's not a critical network function. So what 00:20:11.380 --> 00:20:15.599 I mean is, like, a good example would be helium 00:20:15.599 --> 00:20:18.140 validators, you have to stake a significant amount 00:20:18.140 --> 00:20:21.859 of HNT to be a validator. And the reason for 00:20:21.859 --> 00:20:23.720 that is because they want people to have skin 00:20:23.720 --> 00:20:27.579 in the game. Basically, if a validator is not 00:20:27.579 --> 00:20:30.240 being updated, if it's not being administered 00:20:30.240 --> 00:20:33.660 correctly, it affects the rest of the network 00:20:33.660 --> 00:20:37.099 negatively. So it does make sense to have staking 00:20:37.099 --> 00:20:40.640 in many cases. But when you have to do it for 00:20:40.640 --> 00:20:43.799 just a regular device, it kind of seems like 00:20:43.799 --> 00:20:50.680 Ponzi. I assume, like in my opinion, many crypto 00:20:50.680 --> 00:20:56.140 projects do this. Because with staking, it keeps 00:20:56.140 --> 00:21:00.259 people from liquidating the token. Yeah. And 00:21:00.259 --> 00:21:03.359 it drives up price. And maybe you like that, 00:21:03.460 --> 00:21:06.960 but it just, I think it's a smoke and mirrors 00:21:06.960 --> 00:21:08.819 type of deal. And then you have all these people 00:21:08.819 --> 00:21:13.160 who end up staking and losing a significant amount 00:21:13.160 --> 00:21:16.940 of money because they don't understand how that 00:21:16.940 --> 00:21:19.299 can play out. Especially when we're at the very 00:21:19.299 --> 00:21:23.960 top of a bull run like we were. There's a lot 00:21:23.960 --> 00:21:26.700 of people that are not happy with what the result 00:21:26.700 --> 00:21:30.619 has been. They're not really breaking even in 00:21:30.619 --> 00:21:34.519 any sort of way on their investment. So the other, 00:21:34.559 --> 00:21:39.880 I started to raise, I guess not questions, but 00:21:39.880 --> 00:21:44.599 just started pointing out things that as a network 00:21:44.599 --> 00:21:47.220 engineer are obvious to me, but people may miss. 00:21:47.680 --> 00:21:51.380 Like the fact that if someone's using your VPN, 00:21:51.980 --> 00:21:55.640 the VPN connection to your house to do things 00:21:55.640 --> 00:21:58.759 on your internet connection, that could cause 00:21:58.759 --> 00:22:02.299 a problem for you. And you have all the armchair 00:22:02.299 --> 00:22:06.000 lawyer types within certain communities like 00:22:06.000 --> 00:22:09.119 these who are going to swear up and down that 00:22:09.119 --> 00:22:11.160 this can't happen because this is a law, blah, 00:22:11.259 --> 00:22:14.059 blah, blah, even though this is a worldwide project. 00:22:14.579 --> 00:22:19.680 And regardless of how the law is, It doesn't 00:22:19.680 --> 00:22:22.380 mean that every investigation is handled correctly. 00:22:23.079 --> 00:22:27.339 There are risks, and there are just so many deniers. 00:22:27.819 --> 00:22:34.980 It was like this cognitive dissonance within 00:22:34.980 --> 00:22:38.339 the community and anyone who said it was on the 00:22:38.339 --> 00:22:41.900 outs. So that really made me understand that 00:22:41.900 --> 00:22:44.420 many people invest into these projects without 00:22:44.420 --> 00:22:50.160 truly doing their due diligence. understanding 00:22:50.160 --> 00:22:55.319 what's going on whatsoever what what the you 00:22:55.319 --> 00:23:00.279 know what what the risks are behind it yeah i 00:23:00.279 --> 00:23:02.720 covered it on the youtube channel of course they 00:23:02.720 --> 00:23:06.380 got kicked off the helium network because they 00:23:06.380 --> 00:23:10.279 didn't handle their distribution properly and 00:23:10.279 --> 00:23:13.680 they were all sold to a distributor who decided 00:23:13.680 --> 00:23:16.200 to game the network that was a massive black 00:23:16.200 --> 00:23:19.420 eye for deeper And I really haven't heard much 00:23:19.420 --> 00:23:22.180 since then other than some YouTubers screaming 00:23:22.180 --> 00:23:27.519 about their earnings. Yeah. If you want to go 00:23:27.519 --> 00:23:30.319 back to staking for a second, I liked how you 00:23:30.319 --> 00:23:33.819 pointed out it's kind of pointless if it isn't 00:23:33.819 --> 00:23:39.200 a critical network function. Like, I think you 00:23:39.200 --> 00:23:41.599 made a video on heliumstaking .com. Do you remember 00:23:41.599 --> 00:23:44.970 that site? I mentioned it a couple of times. 00:23:45.250 --> 00:23:47.750 I think I did. I made a video on heliumstaking 00:23:47.750 --> 00:23:52.789 .com. Yeah. So that came around like the time 00:23:52.789 --> 00:23:56.349 of, yeah, like the peak of the bull run. And 00:23:56.349 --> 00:23:58.650 basically you could stake your helium. For people 00:23:58.650 --> 00:24:00.029 that don't know, you could stake your helium 00:24:00.029 --> 00:24:03.650 token. And I believe those tokens were then used 00:24:03.650 --> 00:24:05.950 to make validators. And that's how you gained 00:24:05.950 --> 00:24:10.960 interest back on the tokens. So the catch was 00:24:10.960 --> 00:24:14.140 if you wanted to withdraw it, you had to wait. 00:24:14.880 --> 00:24:17.099 There was a huge waiting period. It was like 00:24:17.099 --> 00:24:21.039 24 to 72 hours. You had to wait before you could 00:24:21.039 --> 00:24:24.720 actually withdraw the token. So it kind of slowed 00:24:24.720 --> 00:24:28.980 down a lot of transactions. And from the start, 00:24:29.019 --> 00:24:30.980 it kind of seemed like a little bit of a sketchy 00:24:30.980 --> 00:24:34.680 website, in my opinion. But I think it's still 00:24:34.680 --> 00:24:38.529 up and you can still stake some helium. earn 00:24:38.529 --> 00:24:41.549 off of it it's just such a small amount and i 00:24:41.549 --> 00:24:43.490 ended up pulling all my helium out of it just 00:24:43.490 --> 00:24:47.450 because of how slow it was and it wasn't needed 00:24:47.450 --> 00:24:50.450 like i don't like to have my crypto just sitting 00:24:50.450 --> 00:24:53.190 in a wallet not earning anything but when i had 00:24:53.190 --> 00:24:55.329 it on that site i wasn't sure and especially 00:24:55.329 --> 00:24:58.170 some people put a lot of helium in there you 00:24:58.170 --> 00:24:59.849 never know if these sites are going to be scams 00:24:59.849 --> 00:25:03.819 or not but going back to staking The things that 00:25:03.819 --> 00:25:06.579 I do enjoy with staking are on exchanges. Like 00:25:06.579 --> 00:25:10.240 Binance US is launching new tokens to be able 00:25:10.240 --> 00:25:12.619 to be staked, I want to say, every two weeks, 00:25:12.680 --> 00:25:15.000 every three weeks. They have Avalanche, BNB, 00:25:15.279 --> 00:25:21.859 Cardano, Matic. They have a whole bunch. And 00:25:21.859 --> 00:25:23.519 Coinbase has a whole bunch. That's the kind of 00:25:23.519 --> 00:25:26.740 staking that I do enjoy where you can cancel 00:25:26.740 --> 00:25:31.859 it at any time and you can sell your token immediately. 00:25:33.519 --> 00:25:36.819 Yeah. Well, going back to the example you used, 00:25:36.920 --> 00:25:39.640 so when you stake in a validator for helium, 00:25:39.880 --> 00:25:42.440 after you stake, there's a six -month cooldown 00:25:42.440 --> 00:25:45.880 period. So what the risk is for companies like 00:25:45.880 --> 00:25:49.900 that, if you have a bunch of customers who are 00:25:49.900 --> 00:25:54.019 providing you with HNT to stake, and they decide 00:25:54.019 --> 00:25:58.259 to withdraw it all at once, but the cooldown 00:25:58.259 --> 00:26:01.599 period is still six months, so you have to wait. 00:26:01.950 --> 00:26:04.190 They have to wait. The company has to wait six 00:26:04.190 --> 00:26:07.569 months to pull that. That could be an issue for 00:26:07.569 --> 00:26:10.329 them. Oh, yeah. I'm not sure how they would handle 00:26:10.329 --> 00:26:14.910 it. Maybe they have HNT in the reserve. But I 00:26:14.910 --> 00:26:19.230 suspect that's what some of these crypto exchanges 00:26:19.230 --> 00:26:22.789 were running into. Issues like that, especially 00:26:22.789 --> 00:26:29.250 they were given massive APY rates for staking. 00:26:31.279 --> 00:26:33.480 Depending on which network it is and whatever 00:26:33.480 --> 00:26:38.579 it is that you're staking to, like usually validators, 00:26:38.700 --> 00:26:45.559 usually the large network components. I mean, 00:26:45.599 --> 00:26:48.380 some of them do provide a very significant return 00:26:48.380 --> 00:26:51.900 on investment for staking and providing that 00:26:51.900 --> 00:26:54.380 service, providing that computing power or whatever 00:26:54.380 --> 00:27:00.200 it may be. Some of these APYs that these exchanges 00:27:00.200 --> 00:27:03.680 offered were out of this world, and there were 00:27:03.680 --> 00:27:05.819 a few articles written about how it was just 00:27:05.819 --> 00:27:09.720 not feasible. The numbers did not add up. So, 00:27:09.779 --> 00:27:13.839 yeah, when you see those type of APY returns, 00:27:14.299 --> 00:27:17.640 it's possible, but you have to be skeptical. 00:27:18.400 --> 00:27:21.740 Oh, yeah. I don't know if you ever got involved 00:27:21.740 --> 00:27:24.940 in PancakeSwap. I want to say it was about – 00:27:24.940 --> 00:27:29.500 this was – hmm, September, October, November 00:27:29.500 --> 00:27:34.700 of 2021, going into the new year for 2022, PancakeSwap 00:27:34.700 --> 00:27:38.200 and like the DeFi space blew up with the insane, 00:27:38.339 --> 00:27:42.619 unrealistic APYs and APRs for a lot of the tokens. 00:27:42.799 --> 00:27:47.279 And at that point, I had, and the prices of the 00:27:47.279 --> 00:27:49.660 tokens went up too as the bull run continued. 00:27:49.839 --> 00:27:53.680 But Pancake, the token was at, I believe, $40. 00:27:54.599 --> 00:27:57.420 and the apy for a lot of these things were in 00:27:57.420 --> 00:28:00.119 the thousands and i was looking at making about 00:28:00.119 --> 00:28:03.539 i believe a hundred thousand dollars a year uh 00:28:03.539 --> 00:28:07.079 easily if it continued and then there was also 00:28:07.079 --> 00:28:10.579 um time wonderland and a whole bunch of these 00:28:10.579 --> 00:28:15.359 people and companies that had a huge huge apr 00:28:15.359 --> 00:28:18.299 apy and they ended up just failing and that's 00:28:18.299 --> 00:28:20.240 that's a huge thing is you got to be skeptical 00:28:20.240 --> 00:28:22.799 of these that's why like i said like i trust 00:28:22.799 --> 00:28:25.480 the ones in the exchanges i still always am skeptical 00:28:25.480 --> 00:28:28.019 and i keep a majority of my funds on a hardware 00:28:28.019 --> 00:28:31.160 wallet because i don't trust anybody and i think 00:28:31.160 --> 00:28:35.089 that's a good thing to practice but For coins 00:28:35.089 --> 00:28:37.869 like BNB, obviously I'm going to keep it on Binance 00:28:37.869 --> 00:28:40.089 because it's their native token. I feel safe 00:28:40.089 --> 00:28:47.230 keeping it there. Yeah. With any cryptocurrency 00:28:47.230 --> 00:28:49.349 project that I decide to get involved in, if 00:28:49.349 --> 00:28:52.130 I'm going to put a significant amount of money 00:28:52.130 --> 00:28:55.390 in it, you have to read a couple layers deep 00:28:55.390 --> 00:28:59.910 into it. And it's going to take months to figure 00:28:59.910 --> 00:29:02.170 out the ins and outs and how all the gears turn. 00:29:03.819 --> 00:29:07.160 There are just some fundamentals there that have 00:29:07.160 --> 00:29:16.140 to be there. So you know it's just not a show. 00:29:16.200 --> 00:29:19.880 It's not smoke and mirrors. There's actually 00:29:19.880 --> 00:29:23.960 substance behind the project. There's actually 00:29:23.960 --> 00:29:30.599 a way that this is planned out. I'm failing to 00:29:30.599 --> 00:29:34.190 describe what I want to say here. Yeah, there's 00:29:34.190 --> 00:29:38.789 so many scams in this space. There are so many 00:29:38.789 --> 00:29:41.289 projects that are just like a pipe dream, and 00:29:41.289 --> 00:29:44.130 they want to have all these offerings, whether 00:29:44.130 --> 00:29:47.170 it's good intention or not. And they have all 00:29:47.170 --> 00:29:49.569 these ideas, and all this is going to be supported. 00:29:49.670 --> 00:29:51.750 And it sounds so good to people when they read 00:29:51.750 --> 00:29:54.490 the white papers. But when you actually look 00:29:54.490 --> 00:30:00.109 at what it is, it's just like this is not anywhere 00:30:00.109 --> 00:30:06.079 near. what they describe it as being. And even 00:30:06.079 --> 00:30:09.279 if it was, many of the times I think there's 00:30:09.279 --> 00:30:13.480 really no utility for some of the things that 00:30:13.480 --> 00:30:17.819 are based around, that they're basing a cryptocurrency 00:30:17.819 --> 00:30:22.319 around. I mean, for every different computing 00:30:22.319 --> 00:30:26.420 concept, someone's trying to come up with a crypto 00:30:26.420 --> 00:30:29.779 for it. For every... Concept of life, someone's 00:30:29.779 --> 00:30:31.660 trying to come up with a crypto for it. It's 00:30:31.660 --> 00:30:35.460 like the rebirth of the internet or something. 00:30:36.160 --> 00:30:40.900 Step in shoes. I mean, come on. How is that? 00:30:42.940 --> 00:30:46.779 In no way did I understand how that made any 00:30:46.779 --> 00:30:48.680 sense, but people are going out buying $1 ,000 00:30:48.680 --> 00:30:56.380 sneakers. Yeah. One final thing just for the 00:30:56.380 --> 00:30:58.339 staking was BlockFi. I don't know if you got 00:30:58.339 --> 00:31:02.460 involved in BlockFi, but there was a lot of companies 00:31:02.460 --> 00:31:06.420 that got in trouble with the government because 00:31:06.420 --> 00:31:08.660 of the way they had everything going. But that's 00:31:08.660 --> 00:31:12.440 the only benefit I see the U .S. government having 00:31:12.440 --> 00:31:17.240 in the crypto space is that they are keeping... 00:31:19.019 --> 00:31:20.779 responsible and keeping companies responsible. 00:31:21.200 --> 00:31:24.900 Like Binance had to make a specific U .S. site 00:31:24.900 --> 00:31:29.460 in a U .S. based project or company. Yeah. And 00:31:29.460 --> 00:31:31.359 Coinbase is based in the U .S. and all these 00:31:31.359 --> 00:31:34.619 companies have to follow these stricter laws. 00:31:34.920 --> 00:31:37.000 It makes me feel just a little bit safer. Still 00:31:37.000 --> 00:31:40.819 skeptical, like I said. Yeah. Well, there is 00:31:40.819 --> 00:31:45.359 a possibility of good actually coming from the 00:31:45.359 --> 00:31:48.710 regulation. Because if the regulation is written 00:31:48.710 --> 00:31:54.269 properly, it will hold companies that are not 00:31:54.269 --> 00:31:57.650 fiscally responsible accountable. It will hold 00:31:57.650 --> 00:32:01.289 the scammers accountable. And then the general 00:32:01.289 --> 00:32:04.349 public will also see, okay, this is accepted 00:32:04.349 --> 00:32:06.710 by the government. They've written regulations 00:32:06.710 --> 00:32:10.910 around it. They say it's no longer just being 00:32:10.910 --> 00:32:16.740 used for criminal activity. People who were previously 00:32:16.740 --> 00:32:20.059 skeptical about crypto will warm up to that idea 00:32:20.059 --> 00:32:23.599 and want to invest maybe some of their savings 00:32:23.599 --> 00:32:29.180 into it. Yeah. Would you like to move into the 00:32:29.180 --> 00:32:33.380 last topic? Do you want to discuss NFTs? Sure. 00:32:34.200 --> 00:32:36.960 What do you think about NFTs? Oh, if you were 00:32:36.960 --> 00:32:39.299 to ask me a couple months ago, well, probably 00:32:39.299 --> 00:32:43.720 a year ago, I'd say they're really stupid. I 00:32:43.720 --> 00:32:45.700 don't know. I guess that's how most people feel 00:32:45.700 --> 00:32:49.759 about crypto, though, too. I think with NFTs 00:32:49.759 --> 00:32:51.940 in the beginning, like with board apes and everything, 00:32:52.079 --> 00:32:54.259 everything's kind of calmed down in that space. 00:32:55.160 --> 00:32:58.599 It seemed like it was just like supreme, like 00:32:58.599 --> 00:33:01.779 a fancy designer clothing brand. Everyone needed 00:33:01.779 --> 00:33:04.359 to have it because it gave them status. But there 00:33:04.359 --> 00:33:08.339 was literally no use case for it. But now we're 00:33:08.339 --> 00:33:12.059 starting to see a lot of NFTs coming out. including 00:33:12.059 --> 00:33:16.539 some YouTubers making some NFTs with some mining. 00:33:16.920 --> 00:33:20.759 And the NFT actually gives you a benefit. You'll 00:33:20.759 --> 00:33:24.960 have a fraction of an ASIC miner and you get 00:33:24.960 --> 00:33:27.920 rewards back or the NFT grants you access to 00:33:27.920 --> 00:33:31.839 a special section in a Discord server or something 00:33:31.839 --> 00:33:36.920 like that. So I think now they're having a use 00:33:36.920 --> 00:33:39.240 case, which is important if they need to survive 00:33:39.240 --> 00:33:45.140 in the crypto space. Yeah. I've seen a lot of 00:33:45.140 --> 00:33:49.160 different analysis on it. And I think, yeah, 00:33:49.220 --> 00:33:51.839 the vast majority of them are stupid. Oh, yeah. 00:33:53.119 --> 00:33:55.880 There's so many. There's so many. If you go on 00:33:55.880 --> 00:33:58.880 OpenSea. I haven't looked into it enough to see 00:33:58.880 --> 00:34:04.519 the ones that are actually useful. I haven't 00:34:04.519 --> 00:34:07.599 done a whole lot of research on it. But what 00:34:07.599 --> 00:34:12.400 I will say. I certainly see the use case in gaming, 00:34:12.519 --> 00:34:16.019 but I don't think it will be utilized because 00:34:16.019 --> 00:34:19.420 I'm not a gamer, but I've done enough in previous 00:34:19.420 --> 00:34:23.280 years to see how like many of these large sites 00:34:23.280 --> 00:34:26.519 run their little mini economies within the game. 00:34:26.679 --> 00:34:30.099 And of course, they want to keep in control over 00:34:30.099 --> 00:34:34.380 that. Yeah. And if you were to give people NFTs 00:34:34.380 --> 00:34:37.739 for like, let's say, objects in the game that 00:34:37.739 --> 00:34:42.469 you could purchase. And whatever, it usually 00:34:42.469 --> 00:34:45.510 comes down to like when people are banning or 00:34:45.510 --> 00:34:48.869 the mods in those games are banning accounts 00:34:48.869 --> 00:34:52.789 for cheating, then, you know, they still want 00:34:52.789 --> 00:34:57.289 to be able to wipe all of the their possessions 00:34:57.289 --> 00:35:02.349 in that account away. The other part comes into 00:35:02.349 --> 00:35:07.030 like buying actual points or buying gold in the 00:35:07.030 --> 00:35:13.289 game, which. previously has really been discouraged 00:35:13.289 --> 00:35:16.429 in a lot of these games. And now you're really 00:35:16.429 --> 00:35:21.309 monetizing that through crypto, which game developers, 00:35:21.610 --> 00:35:24.250 in the vast majority of cases, they don't like. 00:35:24.710 --> 00:35:26.650 They like to be in control of that, and they 00:35:26.650 --> 00:35:30.190 want you purchasing those in -game items from 00:35:30.190 --> 00:35:35.289 them. Maybe we'll see the tide shift. Do you 00:35:35.289 --> 00:35:39.670 have a thought on that? get what you're saying 00:35:39.670 --> 00:35:42.630 um there's a couple ways like if they were to 00:35:42.630 --> 00:35:45.929 ban the people with the uh in the games that 00:35:45.929 --> 00:35:51.150 have nfts it could uh give all of the nft data 00:35:51.150 --> 00:35:53.610 back to like the company or something they could 00:35:53.610 --> 00:35:56.809 resell it but uh that just doesn't seem right 00:35:56.809 --> 00:35:58.849 i think they like they should be able to make 00:35:58.849 --> 00:36:01.309 it so that if they ban people they can still 00:36:01.309 --> 00:36:08.820 sell those nfts because they pay for them also 00:36:08.820 --> 00:36:10.880 yeah but it just comes down to them not liking 00:36:10.880 --> 00:36:13.460 that idea whatsoever yeah and whether they're 00:36:13.460 --> 00:36:15.980 going to implement it in that game or not i could 00:36:15.980 --> 00:36:18.340 see that but another thing is like i don't know 00:36:18.340 --> 00:36:19.920 if you ever played counter -strike i've played 00:36:19.920 --> 00:36:22.780 it like a couple times they have like those super 00:36:22.780 --> 00:36:26.820 legendary knives and everything i think uh being 00:36:26.820 --> 00:36:29.099 able to tie that into the crypto space would 00:36:29.099 --> 00:36:31.199 just give it a little bit more of a cool factor 00:36:31.199 --> 00:36:35.690 not necessarily a a um something that needs to 00:36:35.690 --> 00:36:40.750 happen but something that uh just ties the game 00:36:40.750 --> 00:36:42.829 in with crypto and it gives it more of a cool 00:36:42.829 --> 00:36:45.110 factor for like the young kids that think csgo 00:36:45.110 --> 00:36:47.070 is a really old game and it is it's it's like 00:36:47.070 --> 00:36:49.630 what 10 12 years old now but they're constantly 00:36:49.630 --> 00:36:54.929 updating it and uh i think a lot of games if 00:36:54.929 --> 00:36:57.889 they were to like even gta5 for example because 00:36:57.889 --> 00:37:00.550 of how old that is if they were to bring in nfts 00:37:00.550 --> 00:37:02.429 and the crypto space into a game that old it 00:37:02.429 --> 00:37:05.389 would definitely i think revamp it but other 00:37:05.389 --> 00:37:09.590 than that i don't see it it mattering that much 00:37:09.590 --> 00:37:17.170 in a lot of these games yeah but there are thousands 00:37:17.170 --> 00:37:21.500 of nfts that are just Stupid, like just straight 00:37:21.500 --> 00:37:25.500 up stupid. So too, but this is where we get into 00:37:25.500 --> 00:37:31.360 my crazy speculation. Of course, as always, not 00:37:31.360 --> 00:37:33.739 financial advice. Of course. I mean, tell me 00:37:33.739 --> 00:37:36.800 what you think of this theory, but we're going 00:37:36.800 --> 00:37:39.719 to see these different social media sites offer 00:37:39.719 --> 00:37:45.360 the ability to display your NFTs on your profile 00:37:45.360 --> 00:37:48.340 by connecting your MetaMask wallet or whatever 00:37:48.340 --> 00:37:53.199 to it. And of course the status thing, but every 00:37:53.199 --> 00:37:55.179 poser in the world is going to want to show how 00:37:55.179 --> 00:37:57.800 cool they are with their NFTs and how well they 00:37:57.800 --> 00:38:02.119 know crypto. So that might be what leads up to 00:38:02.119 --> 00:38:06.760 this next bull run. That usage of the different 00:38:06.760 --> 00:38:10.880 chains, minting these NFTs, selling these NFTs, 00:38:10.900 --> 00:38:15.000 and displaying them on social media might be 00:38:15.000 --> 00:38:19.340 the next... Might be the next big driver now. 00:38:19.699 --> 00:38:21.980 Yeah, I could see that. Like I said, wild speculation. 00:38:22.340 --> 00:38:24.380 I might totally be off on this one, but what 00:38:24.380 --> 00:38:26.119 do you think about that? I think it would be 00:38:26.119 --> 00:38:29.619 very interesting to see. Now, I really hope that 00:38:29.619 --> 00:38:31.980 when people are connecting their accounts, it's 00:38:31.980 --> 00:38:34.320 not asking for any sensitive data. But I think 00:38:34.320 --> 00:38:36.860 it would be really interesting to see if a whole 00:38:36.860 --> 00:38:39.440 bunch of people connect their accounts to, let's 00:38:39.440 --> 00:38:43.079 say, Twitter or Facebook or even a less secure 00:38:43.079 --> 00:38:47.639 platform. They get hacked if all of that data 00:38:47.639 --> 00:38:49.679 isn't going to be available and hackers could 00:38:49.679 --> 00:38:53.000 end up stealing the NFTs. They could take them 00:38:53.000 --> 00:38:54.440 right out of people's accounts and send them 00:38:54.440 --> 00:38:56.800 to theirs. So that's something that would be 00:38:56.800 --> 00:39:00.239 interesting to find out. Only time will tell. 00:39:00.659 --> 00:39:04.659 I would assume that these large companies would 00:39:04.659 --> 00:39:07.440 be smart enough to implement some sort of security 00:39:07.440 --> 00:39:13.260 measure that would make that impossible. But 00:39:13.260 --> 00:39:18.239 yeah, we'll see. Yeah, with MetaMask, when you 00:39:18.239 --> 00:39:21.239 use sites like that, it usually just makes you 00:39:21.239 --> 00:39:27.400 sign a message versus actually allowing access 00:39:27.400 --> 00:39:29.000 into your account. It's much like downloading 00:39:29.000 --> 00:39:32.940 an app. It tells you what the website or app 00:39:32.940 --> 00:39:36.119 can and cannot use, like your location, your 00:39:36.119 --> 00:39:40.320 name, and all that stuff. So, yeah. Anything 00:39:40.320 --> 00:39:43.869 else you'd like to say, Joe? Oh, we were going 00:39:43.869 --> 00:39:46.449 to discuss the crypto space in general. We can 00:39:46.449 --> 00:39:49.130 if you want. We're at about 40 minutes. Yeah, 00:39:49.150 --> 00:39:53.530 we'll wrap it up in a little bit. So the crypto 00:39:53.530 --> 00:39:59.690 space has been, hmm, it's been giving a lot of, 00:39:59.730 --> 00:40:02.449 I mean, it's given us our platform, obviously. 00:40:02.809 --> 00:40:04.449 There's a lot of good people we've met out of 00:40:04.449 --> 00:40:05.889 it, but there's also a lot of people that are 00:40:05.889 --> 00:40:11.860 just toxic. Take, for instance. a lot of people 00:40:11.860 --> 00:40:16.940 in the helium discord actually they i mean we 00:40:16.940 --> 00:40:18.559 talked about this briefly in the beginning but 00:40:18.559 --> 00:40:21.760 they um just some of the ways they talk and it 00:40:21.760 --> 00:40:25.579 could be taken out of context because it's over 00:40:25.579 --> 00:40:27.840 text and also because we are content creators 00:40:27.840 --> 00:40:30.699 it's like they don't take us serious it wasn't 00:40:30.699 --> 00:40:32.920 the only discord we've seen problems and oh no 00:40:32.920 --> 00:40:37.280 we've seen everywhere oh yeah it's it's um everywhere 00:40:37.280 --> 00:40:40.150 in the crypto space as well Twitter, the Facebook 00:40:40.150 --> 00:40:45.750 groups, I think there's a few factors driving 00:40:45.750 --> 00:40:48.989 it. But first, you're dealing with money, basically. 00:40:49.809 --> 00:40:54.190 And a lot of people have these wild expectations 00:40:54.190 --> 00:40:56.469 when they get into this that they're going to 00:40:56.469 --> 00:40:59.730 make all sorts of money. But this is extremely 00:40:59.730 --> 00:41:03.869 volatile. Many of them don't do their due diligence. 00:41:03.909 --> 00:41:05.949 I can't tell you some of the questions that I've 00:41:05.949 --> 00:41:10.019 had as a YouTuber that were like, You didn't 00:41:10.019 --> 00:41:12.139 look into this before you spent a significant 00:41:12.139 --> 00:41:18.360 amount of money on this project. Like. That I 00:41:18.360 --> 00:41:21.920 don't get it. I just don't understand how people 00:41:21.920 --> 00:41:28.239 can. Ape in, as you would say. Yeah. To many 00:41:28.239 --> 00:41:30.800 of these projects without any thought. And that's 00:41:30.800 --> 00:41:33.599 like the culture that it's like cool to. Yeah, 00:41:33.699 --> 00:41:36.420 definitely. Degenerative investing started with 00:41:36.420 --> 00:41:39.650 like Dogecoin exploding. And then people cry 00:41:39.650 --> 00:41:42.670 when they get wrecked. Exactly. And it's everyone 00:41:42.670 --> 00:41:44.750 else's fault. And everything becomes a Ponzi 00:41:44.750 --> 00:41:48.190 and a rug pull and everything else. Yeah. And 00:41:48.190 --> 00:41:53.070 it gives a bad name to crypto in general. And 00:41:53.070 --> 00:41:56.349 it hurts those who are trying to be legitimate 00:41:56.349 --> 00:42:01.829 in this space and come up with, you know, make 00:42:01.829 --> 00:42:05.909 these good ideas come true, innovate and so on. 00:42:08.890 --> 00:42:12.889 luna yeah whatever happened with luna and uh 00:42:12.889 --> 00:42:16.090 i mean that really hurt the market and that was 00:42:16.090 --> 00:42:19.889 one of those things that got onto the front pages 00:42:19.889 --> 00:42:25.150 of news but there's there's rug pulls and scams 00:42:25.150 --> 00:42:28.329 all the time by just like scummy people that 00:42:28.329 --> 00:42:30.230 people don't don't understand is you're dealing 00:42:30.230 --> 00:42:33.150 with code there is always a chance something's 00:42:33.150 --> 00:42:38.980 going to go wrong yeah So I don't know if it's 00:42:38.980 --> 00:42:43.059 the expectations aren't being set properly for 00:42:43.059 --> 00:42:45.559 these people coming in. Look, we're on the Internet. 00:42:46.980 --> 00:42:50.320 It's one, you know, one big mob joined together, 00:42:50.440 --> 00:42:54.219 people airing their grievances. But it gets tiring 00:42:54.219 --> 00:42:57.619 when you have a platform and they come to you 00:42:57.619 --> 00:43:03.739 for advice, but instead, like, you're their therapist. 00:43:04.539 --> 00:43:12.880 Yeah. At least we met each other through this, 00:43:12.920 --> 00:43:16.940 right? Of course. We can vent to each other about 00:43:16.940 --> 00:43:21.320 some of the things people say. Having a YouTube 00:43:21.320 --> 00:43:24.159 channel isn't all it's cracked up to be. I have 00:43:24.159 --> 00:43:27.860 to step away once in a while and really try not 00:43:27.860 --> 00:43:30.760 to think about it because you get a lot of grief. 00:43:30.840 --> 00:43:33.940 There's pressure on you to get things right. 00:43:35.079 --> 00:43:37.739 If you make one thing wrong, they will let you 00:43:37.739 --> 00:43:41.460 know. Oh, yeah. And I've made, I've said a lot 00:43:41.460 --> 00:43:43.139 of things that were incorrect, but I've usually 00:43:43.139 --> 00:43:44.739 corrected them in the comments. Not a lot of 00:43:44.739 --> 00:43:49.260 people read the comments. It's just very, it's 00:43:49.260 --> 00:43:52.219 like a butting heads kind of community for the 00:43:52.219 --> 00:43:55.619 most part. If you don't, if you're not careful, 00:43:55.719 --> 00:43:58.619 you open yourself up to liabilities. Yeah. You 00:43:58.619 --> 00:44:00.500 got to say, you know, it's not financial advice 00:44:00.500 --> 00:44:02.380 and all this stuff. You don't want to get sued. 00:44:02.719 --> 00:44:08.920 There's a lot. I have to say, there's a couple 00:44:08.920 --> 00:44:10.679 times I've said, yeah, do I really want to do 00:44:10.679 --> 00:44:13.699 this? Do I want to continue making videos? I 00:44:13.699 --> 00:44:16.699 enjoy my audience. They're what keeps me around 00:44:16.699 --> 00:44:21.320 because I do have a lot of people who actually 00:44:21.320 --> 00:44:32.340 put thought and effort and have good ideas. Leave 00:44:32.340 --> 00:44:34.679 comments of substance and they appreciate the 00:44:34.679 --> 00:44:36.739 content and they give me good ideas. So that's 00:44:36.739 --> 00:44:39.739 what keeps me around. I do think there's so much 00:44:39.739 --> 00:44:46.039 potential here. But a lot of the. I don't know 00:44:46.039 --> 00:44:47.920 what you'd like to call it. You know, there's 00:44:47.920 --> 00:44:50.860 just people who in passing, they have all the 00:44:50.860 --> 00:44:53.619 hate for you in the world. And for whatever reason, 00:44:53.679 --> 00:44:58.880 for them, it's personal. Yeah, I don't. I think 00:44:58.880 --> 00:45:02.760 this is like. The rebirth of the Internet, part 00:45:02.760 --> 00:45:06.579 two, it's just like another layer on the Internet, 00:45:06.659 --> 00:45:10.920 quite literally with Web3. So right now we're 00:45:10.920 --> 00:45:13.760 in like the dawn and there's going to be a lot 00:45:13.760 --> 00:45:17.960 of a lot of people that don't understand, a lot 00:45:17.960 --> 00:45:19.739 of people that are trying to scam people. And 00:45:19.739 --> 00:45:22.480 I think especially since this is the first bull 00:45:22.480 --> 00:45:24.559 run, a lot of people were part of the first bull 00:45:24.559 --> 00:45:27.400 run that I started making videos on crypto. You 00:45:27.400 --> 00:45:30.440 as well. Um, but we've been in this space for 00:45:30.440 --> 00:45:33.420 a while. You're going to see a huge, like a mass 00:45:33.420 --> 00:45:36.000 adoption as we saw with like Dogecoin and everything, 00:45:36.059 --> 00:45:37.440 but we're still new. I think what's going to 00:45:37.440 --> 00:45:39.940 happen in the next couple of years is we're going 00:45:39.940 --> 00:45:43.079 to start to see a lot of these people, uh, die 00:45:43.079 --> 00:45:45.619 out. I think the crypto industry as a whole is 00:45:45.619 --> 00:45:47.739 probably going to get, um, I don't want to say 00:45:47.739 --> 00:45:49.619 like more governmental regulations, but I think 00:45:49.619 --> 00:45:54.699 it's going to be more, um, on pace to do good 00:45:54.699 --> 00:45:57.019 things versus bad things. They're still going 00:45:57.019 --> 00:45:59.860 to be. Bad things, but the goal is that it outweighs 00:45:59.860 --> 00:46:04.159 the bad things. No, I certainly think there is 00:46:04.159 --> 00:46:10.159 something special about this. Of course, there's 00:46:10.159 --> 00:46:12.579 always going to be a lot of bad ideas that come 00:46:12.579 --> 00:46:17.880 out of, you know, anywhere people can throw money 00:46:17.880 --> 00:46:21.619 or anywhere people can make a quick buck by scamming 00:46:21.619 --> 00:46:23.780 others. Yeah, we're going to see a shit show. 00:46:24.219 --> 00:46:29.440 But I think. The technology is there. The ideas 00:46:29.440 --> 00:46:33.320 are there. It opens up the marketplace for people 00:46:33.320 --> 00:46:36.920 who want to get into something like this. There's 00:46:36.920 --> 00:46:40.940 always going to be that interest as more people 00:46:40.940 --> 00:46:47.139 find out. Yeah. Well, Joe, anything else you 00:46:47.139 --> 00:46:50.480 would like to say? No, I appreciate you having 00:46:50.480 --> 00:46:52.530 me on. I'm sure we'll do it again soon. Yeah, 00:46:52.590 --> 00:46:55.190 thanks for being my first guest. Thank you everyone 00:46:55.190 --> 00:46:57.889 who's watching live right now. I see three people 00:46:57.889 --> 00:46:59.210 right now. There's been a couple people popping 00:46:59.210 --> 00:47:01.809 in and out. This has been the first episode of 00:47:01.809 --> 00:47:05.500 Blockchain Bay, which is... the Discord server 00:47:05.500 --> 00:47:08.880 that I guess I founded. Yeah, I just changed 00:47:08.880 --> 00:47:10.820 the name. I'm trying to make this more of a community 00:47:10.820 --> 00:47:13.679 and there's going to be a lot more podcast episodes 00:47:13.679 --> 00:47:15.599 coming up in the future. So stay tuned for that. 00:47:15.719 --> 00:47:19.219 My goal is to, like I said, hopefully have the 00:47:19.219 --> 00:47:23.820 creators or one of the creators from PiFi over 00:47:23.820 --> 00:47:26.099 here so they can talk about their project as 00:47:26.099 --> 00:47:30.219 well as other people in the Discord server and 00:47:30.219 --> 00:47:33.500 the crypto community. So Joe is a crypto YouTuber. 00:47:34.869 --> 00:47:39.610 And a, I guess, crypto influencer. Crypto influencer? 00:47:39.630 --> 00:47:42.230 I guess so. Yeah. But he brings a lot more to 00:47:42.230 --> 00:47:44.489 the community than that. He talks about all stuff 00:47:44.489 --> 00:47:47.190 crypto outside of just posting videos, much like 00:47:47.190 --> 00:47:51.309 me. We're not just people that post videos. But 00:47:51.309 --> 00:47:53.489 yeah, I'm looking forward to the upcoming episodes. 00:47:53.550 --> 00:47:57.469 And I hope to see you again on this soon, Joe. 00:47:57.550 --> 00:47:59.710 Maybe we can co -host a PiFi one or something 00:47:59.710 --> 00:48:02.349 like that if you're interested. That sounds good. 00:48:02.829 --> 00:48:05.469 But thank you all for checking out this first 00:48:05.469 --> 00:48:08.489 episode. And I guess we'll see you in the next 00:48:08.489 --> 00:48:10.849 episode. Thanks, Chris. Thanks, everyone.